by StefanW
http://www.bankerandtradesman.com/2016/11/next-chapter-life-lynn-ge-property-emerges/
bankerandtradesman.com Steve Adams wrote:A proposed 1,260-unit housing development at the 65-acre former General Electric Gear Works property in Lynn would include residents-only access to a commuter rail platform two stops from Boston's North Station.
Developer Lynnway Assoc. LLC is pitching a $512 million, 1.5-million-square-foot redevelopment including six residential buildings. Swampscott developer Charles Patsios acquired the property in 2014 for $7.6 million, three years after GE shut down the factory that had produced military vessel components since World War II.
The developers are negotiating with the MBTA to provide "controlled access" to the River Works stop on the MBTA commuter rail's Rockport line, according to a draft environmental impact report recently filed with state regulators.
MBTA spokesman Joe Pesaturo confirmed that the plan is on the table.
"The state is open to options and would work collaboratively should any development proposals move forward which may lead to the 'flag stop' being considered for improvements," Pesaturo said in an email.
The Blue Line is good for Lynn, and Lynn is good for the Blue Line.
My live MBTA real-time mapping apps:
https://sites.harvard.edu/~wuensch/T/subway-map.html
https://sites.harvard.edu/~wuensch/T/commuter-rail-map.html
My live MBTA real-time mapping apps:
https://sites.harvard.edu/~wuensch/T/subway-map.html
https://sites.harvard.edu/~wuensch/T/commuter-rail-map.html